Dogecoin, the world’s largest meme cryptocurrency by market capitalization, is about to get a major structural facelift that could give its price the much-needed boost to $1.
According to a Monday Blog by BluePepper Labs, Dogecoin’s maiden bridge to Ethereum, “wDoge bridge” is at an advanced development stage and is expected to go live before 2022 ends. The bridge, which is inspired by the safest blockchain bridge WBTC, will enable users to move DOGE from the Dogecoin blockchain to the Ethereum blockchain and back.
It will also introduce Dogecoin to smart contracts allowing “Dogecoins on the Ethereum blockchain to be used in Turing-complete smart contracts, DeFi protocols, NFT marketplaces, wallets with fancy features,” the blog stated.
Currently, users are unable to execute smart contracts or implement various decentralized protocols on top of Dogecoin due to its limited scripting language. Since the bridge’s development began in 2017, Engineers have grappled with Dogecoin’s...
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